Core consumer prices in Philippines increased 3.50 percent in May of 2019 over the same month in the previous year. Core Inflation Rate in Philippines averaged 3.85 percent from 2001 until 2019, reaching an all time high of 7.25 percent in October of 2008 and a record low of 1.40 percent in September of 2015.
Core Inflation Rate in Philippines is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Philippines to stand at 3.50 in 12 months time. In the long-term, the Philippines Core Inflation Rate is projected to trend around 4.10 percent in 2020, according to our econometric models.